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132 South Street #132C, Red Bank, NJ, 07701

2beds
1baths
842sqft
$325,000
$386price/sqft
$2,351/moest. monthly cost
$94,040/yrincome needed

About This Home

Beautifully upgraded 2-bedroom, 1-bath condo in the desirable Madison Commons community in Red Bank! This move-in-ready home features a renovated kitchen with refinished cabinetry, stylish backsplash, gas cooking, new flooring, newer refrigerator, and new dishwasher. The spacious living room offers luxury vinyl flooring and elegant crown molding throughout. The updated bathroom includes a new vanity, while both generously sized bedrooms provide ample closet space and ceiling fans for year-round comfort. Enjoy easy, low-maintenance living in this pet-friendly community with HOA fees including heat, water, and sewer. Conveniently located near downtown Red Bank's renowned restaurants, shopping, entertainment, and waterfront attractions. Don't miss this wonderful opportunity to own in one of Monmouth County's most desirable locations!

Getting Around

75
WalkingVery Walkable
0
TransitVery Limited Transit
61
BikeBikeable

Schools

5/10
Red Bank Middle SchoolGrades 4-80.4 mi
6/10
4/10
Red Bank Primary SchoolGrades PK-31.1 mi

Construction

Condition

  • Year built: 1953

Materials

  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Basement

  • Has basement: Yes
  • Basement: Other

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Dec Molding,Recessed Lighting
  • Flooring: Laminate,Wood

Heating & Cooling

  • Heating features: Hot Water
  • Cooling features: Multi Units

Interior Area

  • Total structure area: 842
  • Total interior livable area: 842 sqft

Property

Details

  • Parcel number: 39001150000000150000C1522
  • Zoning description: Condo

Features

  • Levels: Upper Level
  • Stories: 1
  • Entry location: Upper Level
  • Exterior features: Other
  • Topography of land: Level

Lot

  • Lot size: 871.20 sqft

Parking

  • Parking features: Common,None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Heat Wave
Lightning
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,643$19,716
Home Insurance *$101$1,212
Property Taxes $414$4,968
Electricity $193$2,318
Total$2,351$28,212
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,605/yr
40% on housing$70,530/yr
45% on housing$62,693/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$386This listing

vs Other Active Listings

Avg $/sqft

ZIP 07701$351
Monmouth County$425

vs Homes Sold Last Month

Median $/sqft

ZIP 07701$416
Monmouth County$384

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-05Pending sale$325,000
2026-07-28Listed for sale$325,000

For Sale by Agent

AgentElizabeth Buccigrossi
BrokerageVRI Homes

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